“We need to be aware of the psychology of people as this made-up system starts to unwind a little bit,” states E.B. Tucker, well-known financial analyst and editor of the Tucker Letter. In this interview with Daniela Cambone, Tucker shares his views on investment, life, and parenting. “We’re in this very confusing time,” he admits, referring to the overflow of information customized by algorithms. He also emphasizes that people own gold not to make profits but to hedge against financial uncertainty. Additionally, Tucker says that there will be a point where people wake up to the reality as the mounting debt reaches a certain level. “What’s it going to be in 2032? It’s going to be $75 trillion. And how much is your burrito going to cost? $35. This is the trajectory,” he says.

CHAPTERS:

00:00 Inflation
4:45 Time to wake up
10:00 Breaking point of US debt
19:31 Parenting
24:16 E.B.’s books
27:11 Tennis playing
28:46 Gold

TRANSCRIPT FROM VIDEO:
00:00
The average person is gonna have to say, I’ve had enough and I don’t believe the propaganda anymore and it’s enough is enough and I’m not gonna take it anymore. Come on, like you gotta wake up, you gotta wake up. I mean, all the things that you said were gonna happen are happening and you’re going the wrong direction. And so that’s fixable, by the way. That’s not like something that you can’t change. You can change that.

00:31
Hi everyone, Daniela Cambone here. Hope everyone is enjoying the summer series and your summer overall. I know it’s the time that we’re supposed to be kicking back and relaxing, but important that we don’t become complacent. And if you do not have a financial strategy in place, I strongly urge you to contact us. Book a Calendly appointment. We will offer you and give you a free information session. All you have to do is click.

00:59
on the link below in the description of the videos and choose a time and day that suits you best. And one of us here at ITM Trading will reach out to you and help you build a surefire, foolproof wealth preservation strategy. I strongly urge you to do that. Now check out today’s video.

01:21
Hi, Daniela Cambone here on the road for the Daniela Cambone show in Boca Raton, Florida. We are on the sidelines of Rick Rule’s Natural Resource Symposium. And joining me now is E.B. Tucker, author, bestselling author of Why Gold? Why Now? E.B., always good to be with you and so happy to see you in person. Thanks for having me. Yeah, I know. It’s great. Yeah. Always think of what can we talk about next? Whatever you want. Because you know, I love talking.

01:49
Obviously, economy, money with you, but lifestyle. But let’s start with something that’s always a hot topic, and it’s inflation, because some big companies, as the Fed is saying, it’s cooling, but Walmart, Chipotle, Wendy’s, all facing social media backlash because we saw Walmart’s move to implement this digital price clock now where they can quickly change prices.

02:16
Chipotle people are videotaping their bowls to make sure that the employees are not skimping on their shrimp. Wendy’s facing backlash because they wanted to implement some sort of like Uber pricing, that prices fluctuate depending what time you want your burger at. Anyhow, backlash for these big companies. What’s EB’s take on inflation?

02:38
We know it’s not cooling, but the Fed wants you to believe otherwise. Yeah. I mean, the whole, when you look back on it, all that pandemic stuff that we did, we shot two and a half trillion into the system, and then prices went way up. And they kind of like stopped going up, and they’re just high now. So if you have real estate, your insurance costs are up. And the insurance company says, look, I mean, the cost to rebuild the place has not gone down. I mean, so it’s at every level. This is a real estate issue.

03:02
this never goes away. It’s like the toothpaste coming out of the tube. It never goes back. It might stop coming out, but it never goes back in. And so I think that’s what’s going on. But in my newsletter, Tucker Letter, we’ve talked about this because we’ve found some really fun ways to play this. I mean, one of them is you probably are having trouble buying a new car. I mean, most people are going in to get the car, and you run into some problems. Maybe you bought the car in 2021 or something you’re going to trade it.

03:32
I like to keep a fresh car around. And you paid too much for it, right? Because you paid the market adjustment on the stuff. They’re like, well, you know, it’s not worth that much. And OK, so fine, I’ll deal with that. Well, let me get a loan for the new one. Well, it’s 12%. What? I mean, so you start adding those up, but you can’t get a car. Now, here’s the point. It’s not just like we don’t complain. We have a policy, no whining, no complaining, no moaning. It’s like our housing. Yeah, yeah. We don’t deal with that. So what we think is interesting is that we’re not going to be able to do that.

04:01
What’s happening is you just can’t get that new car as soon as you thought, you know, because for a number of reasons. So you’re gonna keep the family wheels a little longer, which means you’re gonna fix the car. And so that’s the way we’ve played it, is we’ve played the people are gonna keep something longer than they thought, which means new, gonna need some parts and things that you weren’t getting before, and it’s unbelievably strong in that business, because you pass through the cost of a battery, you know, nobody fights that, right? I mean, your battery’s out, it’s like 300, it was 250, I mean, like, what are you gonna do?

04:30
But one thing that’s concerning me, and I want to know your take, is that obviously the presidential debates have kicked off. We’ve over-analyzed it at Nausium and it’s more focused on the health of the president. And I know that’s obviously an important point. But are you concerned at all that we’re not talking about the real issues yet, like how the average American is suffering or the debt that we’re living in? Talk to me about…

04:58
I mean, nobody’s going to help you. Like that’s the dirty little secret is that the only time when somebody starts saying they’re going to help you, be careful because they’re just trying to distract you from something. I mean, nobody’s going to help you. You got to help yourself. That’s what nobody tells you growing up is it’s like, you know, you got to wake up. I mean, you’ve got to wake up and you can’t just be listening to all this noise that’s going on. I mean, the presidential debate, I think about it.

05:24
Do you notice that we had basically no primaries this year? We had like, so this is like, you barely even know there’s an election except for whatever the main pipe of news coming in is, which is now about like geriatric memory issues or whatever. So like, what’s it gonna be next month? It’s whatever they need it to be. But everybody is like, it’s strange the mindset, because we used to be like involved in this thing where we got behind the candidate, and then you see this whole like.

05:52
electoral college had a real purpose because, you know, certain states had to come over and we picked the best candidate and we go, but it’s not like that anymore. And so the thing about the debt, though, okay, here’s what’s really important, is the debt doubles every eight years. And that’s been the case since 1970. So you have to go back to 1970 and look, and I’m telling you, it was in 16 when the candidates were battling it out. I mean, I went to all the rallies in 16. I’m not registered to vote. But I go to…

06:22
sometimes the rallies in the old days, so that I could write to my newsletter readers about what was happening at the rally. Like, it’s very interesting who goes to rallies. So, when you talk to those people, they’ll tell you all kinds of stuff. They’re very passionate, they’re very ideological, there’s lots of dogma going on, and they’ll tell you fun stories. Like, where’d you come from, what do you do for work, why do you like to candidate? They’ll tell you all this stuff, and it’s fun to retell that story and kind of like,

06:50
comment on what they’re telling you. This is something I used to enjoy. Doesn’t happen anymore. But one of the things I wrote in 2016, and people that read me then know that I wrote this, is that I wrote this every eight years it doubles. It was 16 and a half trillion at the time, or like 17, and now it’s what, like 38? So, yeah, and you go back to Reagan, and it was like, you know, it went from like, you know, 800 billion to two trillion. It’s like, it doesn’t matter what eight year period you look at, it’s like,

07:20
the debt doubles. And so what’s it going to be in 2032? It’s going to be $75 trillion. And how much is your burrito going to cost? $35. So I mean, it’s like this is the trajectory. I mean, the rice farmer is not going to make less money. The shrimp people aren’t going to make less. Let me tell you this. You’re going to pay a carbon footprint assessment for if the shrimp emits more carbon than the

07:47
chicken or something, or then the soy, you’re gonna pay a fee for that. And so between sales tax, VAT, think about it, the US doesn’t have a VAT, like some day the US will have a VAT. It’ll have an additional healthcare surcharge. It’ll have a carbon, whatever you wanna call it. People get hung up with the specifics, cost is going up, right? Now, if your income and assets and your investments aren’t also going up, you have a real problem.

08:14
Like that’s the whole thing. Once you kind of like get the landscape of this game right, it’s much easier to play. But if you think it should be another game, it’s very hard to play, you know, because you’re like bamboozled by all these things that are happening. But these things are going up. And also like groceries, okay? So like the best performing stock in my newsletter is a mid-cap grocery company. It’s unbelievable. We write about it all the time. And it caters to a segment of the market that’s like.

08:42
not quite able to shop at Whole Foods, but also knows they don’t want to be poisoned by cheap food, which is a big amount of people. Household income of 120 to 160 grand is a huge amount of America. People are not so dumb. They realize, if I keep eating this stuff out of the box, it’s not going to be good. I need to- They’re people that can afford it. That’s what I’m saying is that it’s not all Whole Foods. You can-

09:11
Yeah, yeah, exactly. I mean, I did the deer antler tonic last year. Yeah, it’s very funny. But my point there is that you don’t have to be rich to eat regular food. You can do this. And it’s not that hard. And then once you do that, you realize, wow, the cost of things that grow in the ground is up. But why would you want to eat stuff that is killing you prematurely? I mean, eventually, I’d hate to be the bearer of bad news, but eventually you will die.

09:41
Ideally not prematurely, let’s not rush things. But there’s gotta be a number that breaks the system, true or false, where the debt becomes just too much debt. I know we’ve become almost desensitized to the number, like what’s another trillion, what’s another trillion? But at one point. So let’s talk about a fun, sensitive subject. When people struggle with something in life,

10:11
a bad habit that is used to excess. Could be scratch off lottery or eating or drinking, any of these things. What we know about these people is that you could present them with evidence and they say, I agree with all that, but I’m not going to stop this behavior. But there comes a day where they all of a sudden decide that they’ve had enough, they can’t live with it anymore. Okay, so.

10:38
You can talk to people that have recovered from severe obesity and these things. They reach a point where they decide, like, all of a sudden, it’s what they call a rock bottom. Okay? And it’s catharsis. Like, the drinking story. You always… You wake up one day in a hotel, you don’t know where you are, and you decide, you say, you know what? Like… This is it. And your family says, it took you 30 years to figure that. We’ve been telling you and crying about it. Okay, but all of a sudden, you had this moment.

11:07
where enough was enough. Now usually it coincides with not having support or something like, it’s not so easy anymore, right? I mean, if your parents say no more rehab and then finally you figure it out. This is very important to think about because the evidence has been here the whole time of the problem. Like you walk around this conference and people are like, the government’s gonna borrow too much money and it’s like, you know what, pal, I hate to tell you but there’s been like four crypto rallies and…

11:36
three weed booms and nine real estate markets and Nvidia and like, you know, you were saying the same thing back then. So I’m not telling you that you’re wrong, but the average person is going to have to say I’ve had enough and I don’t believe the propaganda anymore. Okay. And it’s enough is enough and I’m not going to take it anymore. And how do they rebel? Well, we’ve got to think about ways that they might, like what are the things that they’d be willing to do?

12:05
to back away from. I mean, I think people are coming under pressure. I’m starting to notice that people are, we live in a society with low crime, because everyone feels kind of rich. This is low crime. Like in the 80s, it was very dangerous. Low crime. I agree, definitely, definitely. We’re not talking New York City. They’re punching random women at 2 p.m. It’s starting to happen. Do you notice it’s starting to happen? So things are starting to shift, because if you look, the, we published in the newsletter, the,

12:33
reported violent crime incidents going back to the late 70s, a time which I would argue was really dangerous. I don’t feel safe. Compared to when I, sorry, nothing to worry about. You’re going to feel less safe. Compared to, I moved to the city, you know, nine years ago. I never felt, I didn’t feel unsafe. Now I feel unsafe. There’s some crazy stuff going on. Now check it out, when I was a kid, I remember going to New York and my parents would say, do not leave the hotel room because, you know, the middle part of the city was very dangerous.

13:02
Dwayne Reed and everything on like six of them on every street. However, what’s happening? A lot of places are going out of business. We’re returning back to this chaotic time. And so this is going to become, remember Needle Park? I mean, it was like a whole thing. So this is what’s starting to happen. Because if you look, those crime statistics went down during the years of financial engineering because everybody felt kind of rich. So when everybody feels kind of poor, all right,

13:32
kind of veneer starts to fade, and it starts to fade pretty fast. And people start doing things that they wouldn’t do if they felt like there was hope, okay? So when you give up hope, it’s like that’s when you start doing things that maybe you really wouldn’t do under normal circumstances. And so I think we need to be aware of the setup. I mean, we need to be aware of the psychology of people as this made-up system starts to unwind a little bit.

14:02
Right? And not that we are excited about this. And people are always saying, well, how do you make money off that? It’s like life is not really all about like profiting on the demise of your fellow man. I mean, it’s kind of like a little tacky if you actually think about it. What you’re trying to do living a good life is you’re trying to navigate your rowboat down the river and you’re trying to flow along and not sink or run into rocks or like tip over and die. That’s what you’re trying to do.

14:29
You don’t want to see all your people on the rafting trip with you all die and you’re the one survivor and you get the activity van at the end of it. I mean, that’s not what you want to do, right? So as you’re flowing along, I think it’s important to think about this stuff. And people just don’t, they don’t think about this stuff. I mean, we’re in this very confusing time. I mean, like, get off of the algorithmic sites that are channeling you into, oh, you just looked at some fear thing and it’s like, here’s some more of that. You know, we’re just going to give you tons of it.

14:59
And I don’t have any of that stuff. And just to be clear, it’s not like I think it’s bad to have it. I mean, most of the people that I date and stuff, they all have that. So I don’t mind. And they’re like, why don’t you want to go social with me? They get it. They start saying, they’re like, you know what? It’s like really refreshing that like we can talk about stuff. And you know, we can we can also go on a trip like without the phone and we can hang out and take a walk and whatever, read a book. And why do I do all that stuff? Because it’s.

15:25
what I do is really hard, right? It’s like I can’t do what I do. I’m a writer. That’s what I really am as a storyteller and a writer. And so to do that well, you have to give yourself this big blocks of time to kind of like daydream and think about stuff. So you take in a lot of information and then you have all this time to like goof off. In my new book, I write about being thrown out of the third grade. It’s just a little bit sad story. I was rereading it last week because we’re still editing.

15:52
And I was thinking like, wow, I’d like to give my third grade self a hug and just be like, you know what? Like I tell my son, I’m like, what about my daughter too? But it’s kind of, I understand my son more because I was a boy. And I think about it and I just think somebody should have told me like, you’re going to be okay. You know what I mean? Like it’s going to be tough. But you remember that moment. 100%. I described it in vivid detail, like exactly why I got thrown out, what happened, they sent me to a… What the heck did you do?

16:19
I asked, I’ll go ahead and spoil it for you. Okay, so I was daydreaming, which is what I do a lot. And then they call on you when you’re daydreaming. And so this lady, who I described this teacher so you get a full picture of this lady. So anyway, she called on me when I was daydreaming and I came to, and she had been saying, you always comes after Q in the alphabet. And so I said, well then why doesn’t it come after it on the wall? Because it’s all the way five letters over up there. And the class was like, good point.

16:49
and she sent me away. And so I had to go, okay, so I had to go to a evaluation. Like, and I have the evaluation. It’s from 1987 and it’s written on a typewriter and I have it and I cut these pieces out of it describing little EB’s, you know, learning style which was not conducive to the class because they then made me not, they made me go to like a special English, you know. But anyway, the point is that,

17:17
This is a journey, I’m writing about this stuff. There’s a lot of times when I’m thinking, that’s why I’m not on these platforms. That’s why I’m not scrolling around and watching television and doing, it’s not because those things are bad, it’s because I need that time. And if I have all that stuff around, then I don’t have that time. And when you read my stuff, when you read a story that’s fun to read, it’s just, you know that the newsletter, most of it is free. I mean, the story part is free, right?

17:48
people should read because it’s fun to read. And by reading people that you like, what happens is that it helps you think about things. That’s what good stories do, right? It’s like they help you think about your life. Who are some of the ones you love reading? Well, yeah, I mean, so just so, so people, I’m like enamored with this guy, Tom Morgan now. I mean, I think he lives in your neighborhood, actually, you should meet him, but he, he spent, he had like a breakdown and he spent the fund kept him on.

18:17
and said, we want you to just learn and to tell us what you learn every week. And so he spent three years studying curiosity in the brain. Cool. And I messaged him and he had seen me on, you know, he knew who I was and I saw. He saw you on my show. He said, oh, you’re Ken Bone. He said, okay, yeah, yeah, sure. So we met right like Hell’s Kitchen area and we had like a multi-hour talk about the brain because.

18:44
It’s fascinating, like I’m a creative, also have this financing going on, and it’s not very normal. He has that too, and some of the people we mutually know have that too, but I have to tell stories. I write because my head will explode if I don’t write, and that’s different from writing for money. Okay, so Tom, I read stuff like that. I don’t read the things that you would think. It’s not like I have some secret investment letter. I usually read things that…

19:10
that I get a little taken with and that are fun because then they cause me to think about abstract ideas. You brought your kids to this conference. Oh yeah, they’re here. They’re beautiful children. I’m not just telling you that, but they are beautiful children and so well-mannered and polite and I know you put a lot of effort into that and I like how you said at the start, one of the things you’re teaching them is no one’s gonna give anything to you, right? Like that’s one of the, you’re just prepping them for. I’m doing my best, but my daughter lost her.

19:39
headset for the planes. They’re flying to a place to play tennis for a few days. And I said, where is it? You’re not going to have it on the plane. She goes, well, you’ll just get me another one. And I’m like, how do you answer that? Oh, boy. I mean, it’s like, you know, I love them so much that I’ll make them not make her not have the thing. But then I’ll find a solution. How do you find that balance? Because I find it difficult where I want to give my kids everything. I want to give them the world. I want to spoil them, you know, and

20:07
baseball is a bad word, but if I can, I want to. Well, you always want to save your kids from the things you experience that were just uncomfortable. But here’s one thing that drives me crazy about America. So do you notice how it’s popular to say you grew up poor in America? Like everybody- Well, it’s cool. Everybody tells you, and I encourage them, I bet you were eating sticks for dinner. It’s like they grew up well poor. But then you look at their kids, and their kids are like these overprotected, you know, like medicated little kind of zombies that-

20:37
don’t have any life experience. And so I say to them, it’s funny because all you talk about is how poor you were and how, whatever. So if I were you, I would let the kid live in project housing, right? Like this would all be, because if I believed, because I don’t really believe that everybody grew up so poor. I think there’s such a thing, like my dad was like, you know, I mean he had a little furniture store and he did fine. I mean he made like.

21:05
high income for the little town that we were in. And we went to the beach for a week in the summer. It wasn’t like, we didn’t fly there on an airplane. We drove in a Buick. It was like, it was fine. It was like nice. And I think a lot of people grew up like that, where there weren’t like excessive things going on. You knew that somebody worked in your house, but you also, you didn’t think you were gonna starve. Just somewhere in between. So the bell curve is like, there’s a big in between. And it bothers me when people try to act like.

21:32
you know, there were some, they were at the ends of it, because there’s problems, you know, at the ends of it. You don’t have to pretend. You can just say like, yeah, my mom and my dad worked, and I’m super grateful for that. And so we wanna try to give them a regular life and also to know that they’re not pieces of China and they’re gonna get hurt. And my son’s chin is all busted from falling over some scooter or something with Super Mom happened on her watch. But basically, you know, we wanna kind of let them.

22:00
live and experience and maybe the best thing we can do is tell them that they’re okay and that we love them and just kind of like that’s it you know and I think that I think that’s your uh your school story just made me think I mean I have twin boys Jordan um I was called into their day camp the other day because Jordan got in trouble for name calling so I took him aside I was like all right Jordan what did you call and he’s like I called I said I said called the other boy Meanie

22:29
And I said, okay, so why’d you call him a meanie? He’s like, well, I couldn’t remember his real name. But I thought, well, that’s a really good. Yeah, it’s association. I was like, well, that’s a pretty good answer. Like, I couldn’t challenge him, and I felt like, you know, to your point, there’s just this. Isn’t it funny when you’re a parent, and the school says they did something wrong, and you’re thinking, I don’t know, it’s debatable. Matt and I were both, my husband, we’re just like, eh, you know, we’re gonna side with Jordan on this one. Yeah, my rules for kids are, you’ve gotta learn how to count, and you’ve gotta learn how to read signs.

22:59
Because I didn’t read a book until I was 30. Now people are really confused by that. Because at 30, I started reading like huge philosophy books. And I would go out with my friends and all of a sudden I was interested in something and I wanted to learn and I just learned like crazy. And I would tell my friends like, I’m reading the best philosophy. Why don’t they teach this at college? And people were like, they do teach that at college. The problem is you weren’t there. So it was like new information to me.

23:29
that there was all this stuff to learn. So I tell my kids, you gotta read signs, because otherwise it’s just very confusing, and you have to count. And after that, it’s gonna be your decision what you learn. And I want you to think very openly. And so when the teachers tell me they’re not doing this or that, I’m very dismissive. I don’t think that, because I’m looking at the teacher and I’m like, what, so look at you. Why didn’t you, you could have done a number of things that were more lucrative than this.

23:58
Like I said, you’re the bestselling author of Why Gold Why Now. You have a new book coming out, which I’d love for you to talk to us a little bit about. It’s done. I mean, second round of editing is done. This book is not like investment related. It’s about stories from my life. And I think people are going to be surprised when they read it. I mean, there’s some risky stories in there. I mean, it’s a lot of stuff that’s like really sensitive. Really personal? Yeah.

24:27
I’ve told you and Matt sometimes things that have happened to me and it’s not like a shock thing. But this hasn’t been an easy journey. And so there’s been ups and downs and I’m going to share these and then share my life philosophy and the things that I do on a daily basis. More importantly, when I’m down. Like when I’m in a, I’ve been in a down period. I had, I had, I resigned from the board of Metalla about almost a year ago. The company buried the news in the.

24:56
in the bottom of the- I mean, that was such a huge part of your identity, right? People associated you like E.B. Tucker, Metalla, E.B. Tucker, Metalla, E.B. Tucker. But it wasn’t the case, because I was only a director. And so like all those companies outside, nobody knows any directors there. So like, it was a bad role for me, you know? And basically I had to, it was, there was a lot of things going on. You’re still a majority shareholder. Well, I mean, I bought stock 105 times, just too much.

25:19
I got excited about the deal. I mean, I was on the board a long time, in fairness. A lot of things change, okay? So like things evolve, you know, over a seven year period. So it’s not like overnight or something. But I think it was tough for me because I, in the role of director, you know, I’m a big shareholder of a lot of money in the company, way more than management and the board. And I have concerns and I have things to say, and then you meet resistance and it’s time to retire. You know, and so anyway, that’s, but that was a big thing. You know, and so,

25:48
The reason I’m sharing that with you is that I feel like there’s eras, you know, and you go through these eras. And if you take the down with the right attitude and you use it as a time to work on yourself, I think you ascend to new heights that you didn’t think were possible. And so I’m going to explain to people how I do that, exactly how I do that, with examples, literally exercise things that I do, you know, and people are going to… It takes a focused mind.

26:17
That’s right, and so at the end of the book, like you’re gonna feel like we sat down and had like a dinner and talked about life. You know when we were together, me, you, and Matt, it’s like we’re talking, people don’t talk like that. No, we’re talking fish shows, we’re talking. Well, it’s life. You know, we’re talking real, we’re not pretending like we’re people that don’t have tough times. No. Or we’re people that don’t have. No, but you have to be. This is a journey. Yeah, yeah, absolutely. Yeah, and so that’s coming. So the second edits are done. You know, I’d like to think.

26:45
you know, like another six weeks, but it’s taken me longer. I started in January and I wanted to be done sooner, but like writing the newsletter and kids and… So let’s end it on this note, because obviously I love talking about life with you the most, but the people want to know your take on gold. Oh, I thought you were saying tennis. Well, on tennis, I mean… I had a one-hand backhand. Yeah, but no, but who… Yeah, I’m playing a ton of tennis. Who are you liking these days? I mean, you know I love…

27:14
Yeah, yeah, I mean I was at Roland Garros for Carlos Alcaraz and Djokovic last year and Alcaraz, my take was that like he’s too much of a bull at the time, right? And so it’s really interesting now with Djokovic Hurt to watch him grow up. Do you like Sinner? I mean, you know, the Italian Stallion. I mean, I’m biased now. Yeah, I mean, he’s, yeah, I mean, he’s here. He’s here. Yeah, so he’s a real…

27:43
There’s not, in tennis right now, there’s not that next person. That’s right, that’s right. And so it’s fun to watch that race. But I played a lot of tennis, like I didn’t start until I was an adult, which is weird. Yeah, I fell in love with it. Yeah, I’m super into it. I mean, I play all the time. I mean, I joined a racket club by my house. And just to be clear with people, not a country club. Like I’m not a fan of society clubs. Like…

28:10
You can find a racket club that’s just all rackets. And there’s really nice people. I mean, way better than a country club. That’s all they want to do is play tennis. You hang out. And different levels. Exactly, they’ll pair you up with people. So I’m playing like a lot. And having a hobby, I think, is something that we forget about. It’s really good to have a hobby. Oh, but the gold price. Well, here’s my question. And I asked it to Rick Rule as well. Because we have a great gold price, right?

28:39
beating the odds, not correlated to the dollar anymore, not listening to yields, not looking at what interest rates are doing. China gets it, the appetite’s there. But where’s the real- Well, also, the regular people are selling. I’m sure you know this. All the dealers, I’m curious what you guys are big. So what I hear is that the phone rings five times, it’s four sellers, one buyer. Where’s the buyer? Why- So what they’re doing, what I think they’re doing is, okay, this is-

29:07
This is gonna encapsulate my whole opinion about this thing. The people that are selling are the people that bought, because Mr. T was on television in 2010, saying the gold price is gonna go higher because the government’s gonna fail, so they bought and then they sat for 13 years and the gold price is all of a sudden back and they’re like, I’m out. And what does that tell you? That tells you that it’s probably going to 3,000 because you’re like, when you see that in anything in life,

29:36
it shows you that all they’re thinking about is their price. Does that make sense? But it also tells me they weren’t educated properly on the function and role of gold. That’s what it tells me. Is that these people were mis-educated. Good luck with that, right? I know, I know. But people buy, okay, so how do you buy a car on a motion and then you justify later with rational thought. So that’s never gonna change. It’s always gonna be that way. But when you see in a market, like when all those people were buying, it should have told us that…

30:05
we should be out for a while. And so when you see now that all these people are selling, strictly because they waited 13 years and now it’s back where it was, their thesis is now playing out. So it tells me that you can probably go up a little bit more. And just to be clear, the gold price is not something to make money on. I mean, what it’s doing this year is it’s preserving your wealth. And the gold stocks have so far negative.

30:34
negative attachment to the gold price. I mean, the gold price and the copper price is at all time highs and companies, some of which I’ve been involved with before, who didn’t want to take any of my advice, are going backwards and you’re like, what’s the deal with that? You know what I mean? Come on, you gotta wake up, you gotta wake up. I mean, all the things that you said were gonna happen are happening and you’re going the wrong direction. And so that’s fixable, by the way. That’s not like something that you can’t change. You can change that. But the company that changes that first,

31:04
I think is going to be the leader, right? And it hasn’t happened yet, and it probably will happen at some point. E.B. Tucker, I appreciate you stopping by, taking the time to speak with me. I always enjoy it. Get the Tucker letter, Get Why Gold Why Now, and we’ll have a new book coming out. Not gonna tell you the title, but it’s coming. The people that read the letter will see first. Yeah, yeah, that’s right. Subscribe to the Tucker letter. And come by again soon, come see me.

31:30
NYC or somewhere. Maybe US Open Time. US Open Time, there we go. Alright. And thank you all for watching. We’ll have more incredible content coming away from the Rick Rule Symposium here in Boca Raton and be sure to stay tuned to the Daniela Cambone Show and sign up at www.danielacambone.com That’s it for me. See you soon.

SOURCES:
https://www.google.com/finance/quote/MTA:NYSEAMERICAN?sa=X&sqi=2&ved=2ahUKEwi6kb_kprGHAxVzJUQIHdCfCooQ3ecFegQIMhAX&window=YTD

https://www.amazon.com/Why-Gold-Now-Against-Wealth/dp/1735104817

https://thetuckerletter.substack.com/

https://www.cnbc.com/2024/07/08/inflation-walmart-chipotle-criticized-over-prices.html